BG Group today announced the appointment of Rick Waddell as Executive Vice President, Southern Cone.

Mr. Waddell comes to BG Group from Enron Corp, where he was Senior Vice President, Latin America, and held responsibility for activities related to the Bolivia-Brazil pipeline, commercial projects in the Power sector and several gas distribution businesses.

At BG, Mr. Waddell will hold Executive responsibility for all upstream and downstream activities in the Southern Cone, including Comgas in São Paulo and MetroGAS in Buenos Aires. He will be based in São Paulo.

Speaking today, Deputy Chief Executive Bill Friedrich said:

"We are delighted that Rick is joining BG. His expertise is an ideal match with the many opportunities and challenges we face in the Southern Cone, and his experience will be a valuable addition to the Group's executive."

Prior to joining Enron Corp in 1996, Mr. Waddell worked with Wal-Mart International as Regional Logistics Manager for South America.

After graduation from the United States Military Academy at West Point, Rick Waddell gained an MA from Oxford University on a Rhodes scholarship and later a PhD from Columbia University. During his time in the US Army, he reached the rank of Major, and served as Director for European Affairs on the National Security Council in Washington DC.

Mr. Waddell (42) holds a number of awards, including the 1993 International Affairs Fellowship of the Council on Foreign Relations. He is the author of several publications on international relations, and is fluent in Spanish and Portuguese.

Notes to Editors

BG Group works across the spectrum of the gas chain, with an operational strategy to develop gas markets and construct infrastructure in tandem with its exploration interests. Active on five continents in some 20 countries, it operates four business segments - Exploration & Production, LNG, Transmission & Distribution and Power Generation. BG's core asset areas are in the UK, South America, Egypt, Kazakhstan, Trinidad and India.

In South America, BG controls the major gas distribution hubs of MetroGAS in Buenos Aires and Comgas in Sao Paulo. It is also a participant in the Bolivia-Brazil pipeline and the Gasoducto Cruz del Sur, which is being constructed to take Argentine gas to Uruguay. In April 2001, the Brazilian regulator awarded BG firm capacity in the Bolivia-Brazil pipeline until December 2002, allowing BG to deliver equity gas to Comgas from its 100% owned properties in Bolivia, thus completing an integrated gas chain. BG is also a participant in the Pacific LNG consortium, which is currently developing the potential to supply Bolivian gas to the North American west coast market via the South American Pacific coast.